CBL & Associates Properties (CBL) Options Chain

NYSE: CBLReal EstateReal Estate Investment TrustsUSD

48.51-0.73 (-1.48%)

At close: Oct 9, 4:00 PM ET · Delayed 15 min

Expiration date

Expiration: Nov 20, 2026
Days to expiration: 41
Share price: $48.51
Put/call ratio (OI): 0.69
Put/call ratio (volume): 3.38
ATM implied volatility: 0.8%
Expected move: ±$0.1268
Open interest (C / P): 49 / 34

CBL options summary

The CBL options chain for the November 20, 2026 expiration lists 19 call and 17 put contracts, with 41 days until expiration. Open interest stands at 49 calls and 34 puts, a put/call ratio of 0.69, which is tilted bullish, with calls outnumbering puts. At-the-money implied volatility near the $48.00 strike is 0.8%, which implies the market expects a move of about ±$0.1268 (0.3%) in CBL & Associates Properties stock by expiration.

The most open interest sits at the $54.83 call (15 contracts) and the $49.83 put (20 contracts).

Summary generated from market data by MetaCap's automated system. Methodology

CBL options chain · November 20, 2026

CBL calls and puts by strike price. Shaded cells are in the money.
Calls							Puts
OI	Vol	IV	Last	Bid	Ask	Strike	Bid	Ask	Last	IV	Vol	OI
—	—	—	—	—	—	22.83	—	—	0.35	—	—	—
—	—	—	—	—	—	23.00	0.00	0.00	0.35	50.0%	10	0
0	2	301.5%	24.75	26.40	30.90	24.83	0.00	0.00	0.10	50.0%	2	0
0	—	—	11.39	10.90	13.90	25.00	—	—	—	—	—	—
0	—	262.7%	21.85	23.50	27.70	27.83	—	—	—	—	—	—
0	2	237.8%	19.80	21.70	25.30	29.83	—	—	—	—	—	—
1	—	—	11.10	0.00	0.00	30.00	—	—	—	—	—	—
0	2	269.3%	20.29	21.20	25.20	32.83	—	—	2.72	—	—	—
0	1	—	4.49	0.00	0.00	33.00	0.00	0.00	2.72	25.0%	—	0
1	—	188.5%	14.65	16.90	20.10	34.83	—	—	—	—	—	—
10	34	172.7%	12.65	14.70	18.50	36.83	—	—	4.10	—	—	—
2	1	—	3.08	2.25	6.00	37.00	2.00	5.20	4.10	143.7%	—	1
2	—	162.9%	11.70	13.50	17.40	38.00	—	—	—	—	—	—
12	1	69.3%	15.10	8.20	11.40	39.83	0.00	3.30	1.50	81.6%	—	4
2	1	—	4.30	0.00	0.00	40.00	4.00	8.00	4.71	166.0%	—	1
1	—	137.8%	8.50	10.20	13.80	41.83	0.00	2.25	1.25	58.1%	—	1
—	—	—	—	—	—	43.00	0.00	2.25	1.55	51.5%	—	1
3	1	155.6%	9.30	10.10	13.00	44.83	0.00	1.65	0.47	50.6%	1	1
—	—	—	—	—	—	46.83	0.00	0.00	1.30	3.1%	146	0
—	—	—	2.48	—	—	48.00	0.00	0.00	0.75	0.8%	1	0
CBL $48.51
0	1	3.1%	3.00	0.00	0.00	49.83	1.45	4.00	1.12	50.2%	1	20
—	—	—	—	—	—	50.00	11.50	15.50	14.36	197.0%	—	1
15	2	58.8%	1.35	0.00	1.65	54.83	4.60	7.50	2.50	50.2%	1	4
0	—	12.5%	2.60	0.00	0.00	60.00	—	—	—	—	—	—

In-the-money callsIn-the-money puts. IV = implied volatility, OI = open interest (contracts). Each contract covers 100 shares. Quotes delayed at least 15 minutes.

Frequently asked questions

What is the CBL put/call ratio?

For the November 20, 2026 expiration, the CBL put/call ratio based on open interest is 0.69 (34 puts vs 49 calls), and 3.38 based on today's volume. A ratio above 1 means more puts than calls.

What is CBL's implied volatility?

At-the-money implied volatility for CBL options expiring November 20, 2026 is about 0.8%, an annualized estimate of how much the market expects CBL & Associates Properties stock to move.

How many CBL option expiration dates are there?

CBL has 4 listed expiration dates, from Oct 16, 2026 to Apr 16, 2027.

What does "in the money" mean?

A call is in the money when the strike price is below the current share price; a put is in the money when the strike is above it. In-the-money contracts have intrinsic value and are shaded in the table.